| Fed acknowledges economy in soft patch |
| The US Federal Reserve kept monetary policy frozen after its June meeting as it acknowledged that the economy has run into a soft patch. The central bank said that interest rates will remain on hold at 0 to 0.25 per cent for an “extended period” and it will continue to reinvest in its securities portfolio. That will keep the Fed’s balance sheet at around $2,800bn in size. http://link.ft.com/r/2SRI11/ |
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